President and CEO, Ally Bank
Diane Morais has been driving a transformation at Ally Bank since she took over as president and chief executive in March 2015.
Best known for online deposit gathering and auto lending, Ally has been branching out to meet customer demand and to improve the bottom line. In April of this year, the company announced a deal to
The changes haven't always been smooth. Investors have been unhappy with Ally's performance. An activist shareholder, Lion Point Capital,
Although the negative scrutiny can be frustrating, Morais said she concentrates on getting results and proving that the company's strategy is working.
"You have to focus on delivering and executing on what we said we would do," Morais said. "The expectation or hope is that when we deliver the results, the stock price will follow."
Morais said she has benefited from many mentors throughout her career and tries to pay it forward by working with a "long list" of those she advises at Ally and her previous employer, Bank of America. She counsels women looking to advance their careers to cultivate a network and keep it active. "Someone who really gives you that perspective and challenges you is invaluable," Morais said.
"If there is something you are interested in, if you are missing something, figure out how to get it. Use that mentoring network to help you."